Bloomberg: New Yorkers Have Four Days to Try to Beat SALT Cap

Residents of states that have had charitable tax break programs in effect for some time, such as Georgia and South Carolina, that benefit hospitals or schools, will probably have an easier time writing checks before the new rules go into effect, said Steve Rosenthal, a senior fellow at the Urban-Brookings Tax Policy Center.

“The reality is that the red states are further along in setting up their high-percentage credit schemes,” said Carl Davis, research director at the Institute on Taxation and Economic Policy. “So it may be easier for folks in red states to rush to claim credits before Aug. 27.” Read more